Russian Eurobonds follow US Treasuries higher on Tuesday
MOSCOW. July 18 (Interfax) - Prices for the majority of Russian Eurobonds gained steadily on Tuesday along with US Treasuries after U.S. Republican senators decided not to bring the Obamacare replacement bill to a vote.
Russia's benchmark 2030 bonds were up 4 basis points from previous closing by 6:15 p.m. Moscow time at 120.19%, with yield down 2 bps at 2.19% per annum. Four-year US Treasuries were up 7 bps from previous closing at 101.1%, with yield down 2 bps at 1.495%. Spread between Russia 30 and UST4 was unchanged at 69.5 bps.
Russia's 2043 bond was up 42 bps at 112.55% yielding 5.01%, down 2.5 bps; the 2042 bond was up 39 bps at 109.36%, yielding 4.96%, down 3 bps; the 2026 bond was up 18 bps at 104.39% yielding 4.15%, down 2.5 bps; and the 2023 bond was up 2 bps at 107.11%, with yield down 0.5 bps at 3.575%.
The new Eurobond issue maturing in 2047 was down about 8 bps to 100.85% yielding 5.195%, up 0.5 bps, and the 2027 bond was up 8 bps at about 100.24% yielding 4.22%, down 1 bp.